This data points to people starting to buy houses later in life, and also continuing to buy houses later in life, but I’m not sure you can say it points to there being more landlords. I have been a repeat homebuyer twice in my life (and probably will be at least one more time), but each time it has just been moving from one SFH to another.
The biggest thing I take away from this is that waaaay more older people are changing houses these days (downsizing after kids move out or moving to senior-oriented communities maybe?) There’s no way that individuals buying rental homes is more than a blip in that green line.
“Oh hey that house is actually affordable! …oh 55+ community only. Great… Well here’s a nice twice burned down shed masquerading as a house for “only” 300k what a steal!”
Not sure tbh. We have whole communities that are just considered “55+ only” I just hate seeing them when I was looking for a house, it’s so depressing.
Because in 1980, the biggest population group was in their 20’s/30’s. Now the biggest population group is in their 60’s/70’s
The chart posted above seems to show a different issue:
More landlords! Yay!
…/wrist
This data points to people starting to buy houses later in life, and also continuing to buy houses later in life, but I’m not sure you can say it points to there being more landlords. I have been a repeat homebuyer twice in my life (and probably will be at least one more time), but each time it has just been moving from one SFH to another.
The biggest thing I take away from this is that waaaay more older people are changing houses these days (downsizing after kids move out or moving to senior-oriented communities maybe?) There’s no way that individuals buying rental homes is more than a blip in that green line.
The bane of my existence…
“Oh hey that house is actually affordable! …oh 55+ community only. Great… Well here’s a nice twice burned down shed masquerading as a house for “only” 300k what a steal!”
how much of that is rental restrictions? My condo was affordable because rental is not allowed which reduces many potential buyers.
Not sure tbh. We have whole communities that are just considered “55+ only” I just hate seeing them when I was looking for a house, it’s so depressing.
You can filter them out on zillow